Sri Lankan shares end lower as IT, materials stocks decline

BENGALURU: Sri Lankan shares closed lower on Monday, dragged down by losses in information technology and materials stocks.

The CSE All Share index settled 0.2% down at 23,754.26, snapping three straight sessions of gains.

Acme Printing and Packaging and Renuka Holdings were the top losers on the benchmark, falling 14.8% and 9.1%, respectively.

Trading volume on the CSE All Share index rose to 351.1 million shares from 311.1 million shares in the previous session, exchange data showed.

The equity market’s turnover fell to 6.31 billion rupees ($20.39 million) from 9.09 billion rupees in the previous session.

Foreign investors were net sellers, offloading stocks worth 1.65 billion rupees, while domestic investors were net buyers, purchasing shares worth 6.07 billion rupees.